Machine Investment Group acquires Rise 120

Georgetown, Texas, United States

Machine and Alta Real Estate Partners bought Rise 120 off-market, a 227-unit property with 15,000 SF of retail completed in the first quarter of 2024 in Georgetown, in the Austin MSA. Machine says it paid about 30% below the developer's basis because of capital markets dislocation and temporary oversupply, and plans to speed lease-up with new amenities and tenant improvement allowances for the retail. The January 16, 2026 release did not state a price or closing date.